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<br />ACKNOWLEDGEMENT , <br /> <br />88- lC2832 <br /> <br />The undersigned, UUTY G, Traudt and Kathleen A. Traudt, Husband & W~,fe, <br />{OPTION: husband and wife}, identified as "Trustor" under a <br /> <br />certain Deed of Trust dated <br /> <br />May 24 . 1988 , to be entered <br />. - <br /> <br />into m~ong Trustor; Arend R. Baack, Attorney at Law, "Trustee"~ <br />and The Overland National Bank of Grand Island, "Beneficiary", <br />hereby acknowledge(s) that this Acknowledgement is made prior to <br />(her/his/their) execution of that Deed of Trust in respect to <br /> <br />that real estate described as: <br /> <br />lot One (1), in Capital Heights Fifth Subdivision, <br />belng a part of the Southwest Quarter (SW!) of Sechon <br />Two (2). Township Eleven (11) North. Range Ten (1~ <br />West of the 6th P.M.. Hall County. Nebraska. <br /> <br />and that (he/she/they) know(s) and understand(s) that (a) the <br /> <br />Deed of Trust to be executed by Trustor is a Trust Deed and not a <br />Mortgage and (b) that the power of sale provided for in the Deed <br />of Trust provides essentially different rights and obligations to <br />the Trustor than a Mortgage in the event of default or breach of <br />obligation. <br />IN WITNESS WHEREOF, the undersigned (has/have) executed this <br />Acknowledgement on this 24th day of ",fay, 19~. <br /> <br />_.-rI'_' <br />-'''",- <br />'-'/";,-' <br /> <br />~ ~--- ~. <br />( ?;~/~ <br />l..ap"Y . Traudt / <br /> <br />~ IJ ~ 1~ <br />. n-t JJ I~ j (), . , <br />. thleen A, Traudt <br /> <br />"Trustor" <br /> <br />STATE OF NEBRASKA <br /> <br />ss: <br /> <br />COUNTY OF H.lUL <br /> <br />The foregoing instrument was acknowledged before me this <br />24th day of Mav r 19~r by lArrv G. Traudt <br />Kathleen A. Traudt; Husband and Wife <br /> <br /> <br />f{;;1 /-, ',,;:,/ / <br />//!f~. (i!:2-,u~(.< C. <br />Notary Public <br /> <br />